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| SINGAPORE: Carbon finance seminar on June 25 and 26 to discuss latest developments in CER projects |
| Friday, 29 May 2009 | |
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(EnergyAsia, May 29, Friday) --- ‘The International Symposium on Global Carbon Finance and Market’, jointly organised by Singapore’s Nanyang Technological University and Australia’s University of New South Wales, will be held in Singapore from June 25 to 26. The symposium aims to provide a platform for industry professionals, government officials and multilateral agency representatives to present the latest developments on carbon emissions reduction (CER) projects. Other topics covered include financing renewable energy projects with carbon credits, solutions to manage emissions risk, promoting energy efficiency in buildings with CDM, bankability of CDM projects, risk analysis, financing and trading in the carbon markets, models for CDM projects across different countries, project financing for biomass energy plants in Malaysia, carbon due diligence and feasibility assessments, investment analysis and the economics in Asia’s CDM market. Speakers at the event include David G. Carmichael and Maria Balatbat (University of New South Wales), Ng Wun Jern, Kai Li and Robert Tiong (Nanyang Technological University), Jeff Huang (Chicago Climate Exchange), Mafalda Duarte (World Bank, Indonesia), Michel Buron (KYOTO Energy), Dinesh Babu (The Carbon Rating Agency), Andreas Bollmann (Swiss Re), William A Pazos and Marcelo Labre (Standard Bank Plc), Ben Atkinson (Agrinergy), Chaiwat Muncharoen (Thailand Greenhouse Gas Management Organization), Wilfred Walsh (Biosphere Capital), Dorjee Sun (Carbon Conservation), Kiyoshi Okumura (World Bank Group), Bas Van Dun (One Carbon), Ashutosh Pandey (Emergent Ventures), Ong Gin Keat (Metax Engineering), Paul Wilden (Bank of New York Mellow), Suzanne Chew (TFS Green), Architrandi Priambodo (Asia Carbon), Mohamad Adan Yusof (Mensilin Holdings),and Nils Steinbrecher (ERM). Two pre-symposium workshops to discuss climate change, climate science, policy and carbon markets will be held on June 24. For more information on ‘The International Symposium on Global Carbon Finance and Market’, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
| THAILAND: POWER-GEN Asia 2009 to be held in Bangkok from October 7 to 9 |
| Thursday, 28 May 2009 | |
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(EnergyAsia, May 28, Thursday) --- The POWER-GEN Asia 2009 conference and exhibition, the event for the power generation and transmission and distribution industries in Southeast Asia, will be held in Bangkok, Thailand from October 7 to 9. Organised by Pennwell, the event is said to have garnered support from the region’s ministries and energy authorities including Thailand’s Ministry of Energy, the Electricity Generating Authority of Thailand (EGAT), the Metropolitan Electricity Authority (MEA) and Provincial Electricity Authority (PEA). POWER-GEN Asia, which will be held at the same venue as the Renewable Energy World Asia event, is expected to attract over 6,000 industry professionals to discuss the latest developments and ideas for the future of the Asian power generation sector. Renewable Energy World Asia will introduce a dedicated conference track, specifically for renewable energy, that will focus on the developments, technologies, products and case studies for the renewable power generation sector. The POWER-GEN Asia conference is a key forum for senior executives and industry leaders to discuss a range of topics, from the region’s energy markets, resources and environmental challenges to power plant generation technologies and operating and servicing plants, in order to meet the challenge of the growing demand for electricity. Pennwell event director Glenn Ensor said: “We are delighted that POWER-GEN Asia is returning to Bangkok from October 7 to 9, the enthusiasm and support of the Thai Government and industry authorities will ensure the success of the event. “Southeast Asia is one of the fastest developing regions in the world and its appetite for energy is growing at an astonishing rate. Recent estimates are that over US$50 billion investment is required in the region, in order to meet the growing demand for power. “It is important that the region’s premier event for the power generation and transmission and distribution industries continues to go from strength to strength and we are delighted that so many companies have already committed to exhibiting at POWER-GEN Asia and Renewable Energy World Asia.” With over 150 exhibitors and more than 6,000 visitors from over 50 countries, POWER-GEN Asia and Renewable Energy World Asia have become the most important annual meeting place for international power executives with interests in Asia. For more information on POWER-GEN Asia 2009, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
| AZERBAIJAN: ‘Caspian Oil and Gas 2009’ conference to be held at Baku from June 2 to 5 |
| Thursday, 28 May 2009 | |
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(EnergyAsia, May 28, Wednesday) --- The ‘Caspian Oil and Gas 2009 Exhibition and Conference’ will be held at the Baku Sport and Exhibition Centre in Azerbaijan. Over the last century and a half, the world has taken a steady interest in Azerbaijan’s energy resources which have attracted much attention from Europe, America and Asia. More than a billion tonne of Azeri crude oil have been exported to other countries. The event will cover the potential and challenges of exploration and production in the Caspian Sea region, diversification of energy supplies to Europe, and the feasibility of a southern gas corridor to Europe as well as a review of the investment climate in Azerbaijan. Speakers at the conference include Detlef Dauke (Germany’s Federal Ministry of Economics and Technology), Elshad Nasirov (SOCAR), Novruz Guliyev (Ministry of Ecology and Natural Resources), Rune Bjornson (StatoilHydro), Gregory Mattson (BP Azerbaijan SPU), Reinhard Mitschek (Nabucco Gas Pipeline International), Jeremy Ellis (RWE Supply & Trading), Neil McGugan (Tokyo-Mitsubishi UFJ), James E. Hogan (Salans Limited), Uwe H. Fip (E.ON Ruhrgas), Robert Klein (Trans Adriatic Pipeline Project), Markus Bronkhof (EGL Group), and Michael Peisser (OMV Gas & Power). The ‘Caspian Oil and Gas 2009 Exhibition and Conference’ is organised by ITE. For more information on this event, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
| MALAYSIA: Carbon Markets Asia conference in Kuala Lumpur on June 23 and 24 |
| Thursday, 28 May 2009 | |
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(EnergyAsia, May 28, Thursday) --- Green Power Conferences will be holding its ‘Carbon Markets Asia’ event in Kuala Lumpur, Malaysia on June 23 and 24. The event will bring together leading international players to discuss the progress made to date on carbon trading. Topics covered include cross-border regulations, risk mitigation in CDM project financing, role of forestry in region’s carbon markets, investment in forestry projects, and progress in programmatic CDM. The conference will also address issues on barriers to investment, standards affecting forestry sector and discuss strategies to tackle risks, factors affecting fluctuation, primary and secondary CERs and price differentiation, outlook for CER pricing and trend, opportunities for technology and knowledge transfer, the AFLOU and its impact, and the global impact of Chinese policy. The speakers will also discuss the impact of the financial crisis on the market, the outlook for investments, and whether carbon trading provide real economic incentives to avoid deforestation. The speakers include Albert Magalang (Philippine DNA), Dorjee Sun (Carbon Conservation), Minh Cuong Le Quan (GERES & Carbon Solidarity Asia), Sirithan Pairoj-Boriboon (Thailand Greenhouse Gas Management Organization), G N Agrawal (Mawana Sugars), Santosh Deshmukh (Jain Irrigation Systems), Bambang Hidayat (PT Bajradaya Sentranusa), Nur Masripatin (Indonesia’s Ministry of Forestry), Arghya Mukherjee (H. & R. Johnson), and Junji Hatano (Carbon Partners Asiatica). The pre-conference seminar, ‘How to develop successful CDM projects’, will be held on June 22. The seminar will discuss: • How to identify and design a successful CDM project • Sources available for raising finance • How to analyse the financial risk factors • How to take a project through the CDM process • Assessing the success to date and potential for improvement of current models • A step-by-step guide to carbon credit trading • Understanding legal implications for CDM projects Speakers at the seminar include Kyoko Tochikawa (Carbon Partners Asiatica), and Soeren Varming (YTL-SV Carbon). For more information on ‘Carbon Markets Asia’, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it |
| MALAYSIA: OGA 2009 event to showcase RM100 billion worth of technology and products |
| Wednesday, 27 May 2009 | |
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(EnergyAsia, May 27, Wednesday) --- The ‘12th Asian Oil, Gas and Petrochemical Exhibition (OGA) 2009’ will be held in Kuala Lumpur Convention Centre in Malaysia from June 10 to 12. Organisers Malaysian Exhibition Services said the event – the largest in the OGA series - has attracted more than 1,000 participating companies and will showcase over RM100 billion worth of technology and products. (US$1=RM3.5). Fully supported by the government of Malaysia, SIRIM and the Malaysia External Trade Development Corporation (MATRADE), OGA 09 is targeted to attract over 20,000 visitors. Key exhibitors include Aker Solutions, Cameron, Delcom, ExxonMobil, Global Process Systems, M3nergy, Neural Oilfield, Olio Resources, SapuraCrest, Scomi, Shell, Siemens, Sime Darby, Tanjung Offshore, Technip, UMW Oil and Gas, and Weatherford. Malaysian Exhibition Services general manager Alun Jones said: “According to Bank Negara, the Malaysian economy is expected to perform better in the second half of 2009 as the fiscal stimulus packages announced by the government are implemented and the effects of the supportive monetary environment kick in. “Thus OGA 09 offers exhibitors and trade investors opportunities for establishing new partnerships and significantly enhancing their business. “It is an excellent platform for those in the industry to update themselves on the technological front as it will showcase a comprehensive range of exhibits, including a wide spectrum of the latest innovations, precision engineering tools and equipment, as well as the latest technological advancements in the business.” The ‘Subsea Asia Conference’ will be held concurrently with OGA 2009 on June 11. Speakers at the conference include experts from Perry Slingsby, First Subsea, Framo Engineering, NCS Survey, Deep Ocean Subsea Control Innovation and Flexlife. For more information on OGA 2009, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . |
| SINGAPORE: CWC’s LNG conference to be held on June 29 to July 1 |
| Wednesday, 27 May 2009 | |
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(EnergyAsia, May 27, Wednesday) --- CWC Group will be holding the ‘Next Generation LNG – Asia Pacific’ conference at the Pan Pacific Hotel in Singapore from June 29 to July 1. Singapore’s Senior Minister of State for Trade and Industry, S Iswaran, will deliver his address on Asia and Singapore’s role in the next generation of the LNG industry. Topics to be covered by the event’s experts include the future of the LNG industry, evolution and innovation in LNG, and creating a global trade in LNG. Other topics addressed include regional and global collaboration, the global fuel mix, new suppliers of LNG, new markets and trade flows, and pricing indexes. Speakers at the event include Alirio Parra (CWC Group Limited), Dan Werner (BG Group), Hiroshi Hashimoto (International Energy Authority), Juan I Pareja (ConocoPhillips International), Prosad Dasgupta (Petronet LNG Ltd), Atsunori Takeuchi (Tokyo Gas Co Ltd), Fabiya Amakiri (NNPC), Hiroki Sato (Chubu Electric Power Co Inc), Mike Mellor (North West Shelf Australia LNG PTY Ltd), Simon Bonini (Centrica Energy), David Fuller (RWE Supply and Trading GMBH), Dominique Pelloux-Prayer (GDF Suez), Maurice Brand (Liquefied Natural Gas Limited), Keun-Wook Paik (Oxford Institute of Energy), Xia Yishan (Research Centre of China Institute of International Studies), Igor Tomberg (Moscow State Institute of International Relations), Masumi Motomura (Japan Oil, Gas and Metals National Corporation), Philip R Weems (King & Spalding), Abdul Hadi Al-Hassani (Iraqi Parliament), Serapio Ntutumu (Sonagas), Douglas Rotenberg (BP), Ane Ariño Ochoa (Repsol Gas Natural LNG), Wuttikorn Stithi (PTT), Mohammed S Alrai (Oregon LNG), Xue Bo (Guangdong Dapeng LNG Company Ltd), Rodrigo Carvalho Nogueira Vilanova (Petrobras), John Fahy (ERAS Consulting Ltd), Yao Tongxin (China Power Petrochemical Corporation), Eiichi Sasaki (Japan Bank for International Cooperation), Mike Sinclair (GS Caltex Corporation), and Rod Duke (Energy Market Authority). For more information on ‘Next Generation LNG – Asia Pacific’, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . |
| CHINA: PetroChina to pay S$1.47 billion in cash for 45.51% stake in Singapore Petroleum Company |
| Monday, 25 May 2009 | |
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(EnergyAsia, May 25, Monday) --- PetroChina is raising its exposure in Singapore with the proposed cash acquisition of a 45.51% stake in Singapore Petroleum Company for S$1.47 billion. (US$1=S$1.45). PetroChina, which already owns a 35% stake in Singapore storage firm Universal Terminal, will acquire the SPC shares from Keppel Oil and Gas Services Pte Ltd, a wholly-owned subsidiary of Singapore’s Keppel Corporation Limited, at an average price of S$6.25 per share. Choo Chiau Beng, CEO of Keppel, said: “Over the last 10 years, Keppel has grown SPC, establishing it as a reliable supplier of quality energy products while diversifying its businesses upstream into exploration and production. “This divestment of our stake in SPC would enable Keppel to seize opportunities that would enhance value creation for shareholders.” PetroChina said: “After PetroChina International (Singapore) Pte. Ltd. purchases the stake in SPC, SPC will become a new platform for the implementation of our international strategy and will provide a broader foundation and stable path for development.” The two companies said they plan to jointly explore opportunities in the offshore oil industry and in other areas of mutual benefit. PetroChina, one of the largest oil and gas companies in the world, is engaged in a broad range of oil and natural gas activities including the exploration, development, production and marketing of crude oil and natural gas, refining, transportation, storage and marketing of crude oil and oil products, production and marketing of primary petrochemical products, derivative chemical products and other chemical products, and transportation of natural gas, crude oil and refined products. |
| COMPANY: Total Lubmarine develops biodegradable lubricants range for shipping |
| Friday, 22 May 2009 | |
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(EnergyAsia, May 22, Friday) --- Leading international marine lubricants supplier Total Lubmarine said it has developed a comprehensive range of high-performance biodegradable products which will enable companies in the shipping industry to significantly improve their environmental footprint without compromising either performance or safety. Patrick Havil, marketing manager of Lubmarine, said: “Lubmarine has always been acutely aware of its responsibility to protect the environment, and committed to developing the best biodegradable marine lubricants on the market. These are now available for use by the shipping industry. “The commercial incentives to use such lubricants are now greater than ever, and include the possibility of reduced fees for ‘green’ ships in certain ports, and the requirement on the part of certain port authorities for ships to operate within the terms of a zero spill policy. “The moral obligations are very persuasive. More ship operators are becoming aware of the importance of the environment and of the need to protect it. This enlightened awareness is evident throughout all industries, including shipping, where operators are increasingly concerned about their environmental footprint within the terms of their sustainable energy policies. “It is simply not possible to guarantee a zero-risk of spillage with regard to onboard operations. The potential for lubricant leakage on board ship is high. It exists across so many traditional shipping-related activities involving everything from engine operation to thruster and stern-tube performance, from cranes to winches to pumps. “Such leaks can occur for a variety of reasons, from mechanical failure to human error. So, since it is not feasible to eliminate mechanical failure and human error entirely, the only way to limit the harmful and damaging effect of oil spillages at sea is to use biodegradable lubricants. “More and more companies are keen to use biodegradable lubricants because they are not toxic, like other products, but those same companies are not ready to accept any compromise in terms of performance. Manufacturing new biodegradable lubricants which do not affect performance, however, is not a straightforward undertaking. “The main raw material used to produce such products, base oil, has to be changed, and all the properties introduced by mineral-based oils such as high oxidation resistance and thermal stability are not present in the chemical compounds found in biodegradable oil. “This means that, for a biodegradable product to perform as effectively and efficiently as a mineral oil-based product, its formulation has to be completely redeveloped. “Now, following extensive testing over a period of years at its dedicated research centre at Solaize in France, Total Lubmarine has now completed that redevelopment to produce a range of high-performance products eminently suitable for use in the shipping industry.” Lubmarine is the worldwide marine lubricants network of oil major Total |
| ASIA: IMF says economic crisis “virtually” halts growth in Caucasus and Central Asia |
| Thursday, 21 May 2009 | |
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(EnergyAsia, May 21, Wednesday) --- Economic growth in the Caucasus and Central Asia (CCA) is expected to crawl at a mere 0.9% this year and may only recover slightly next year, compared with 6.3% in 2008, said the International Monetary Fund (IMF). As a result, CCA growth, which had attained double-digit levels in recent years, is taking a hit. “As the global crisis spreads through the region, the hard-earned macroeconomic gains of recent years have been put at risk, with growth coming to a virtual halt and financial vulnerabilities on the rise,” said Masood Ahmed, director of the IMF’s Middle East and Central Asia Department. The current contraction in Russia’s economy is now hurting the region’s trade and remittances. Russia remains a key economic partner for CCA countries, all associated within the Commonwealth of Independent States, the political-economic partnership of former Soviet Union republics. While trade flows with Russia have declined over the past decade, the IMF said financial linkages have increased, and a number of CCA countries are heavily dependent on remittances from Russia. In Tajikistan, for example, remittances accounted for about 50% of GDP in 2008, with most Tajik migrants reportedly working in Russia. Another factor affecting the region is the weakness of the Russian rouble, which has depreciated by about 30% against the US dollar since last July. Some CCA countries were initially reluctant to let their currencies to depreciate as it put them at a competitive disadvantage and reduced the value of remittances as their currencies rose against the rouble. In recent months, however, Armenia, Georgia, and Kazakhstan have begun to depreciate their currencies. The region’s oil exporting economies are suffering from the impact of lower world oil prices, but the IMF said they could use their accumulated reserves to moderate the downturn. Even though current account and fiscal surpluses are disappearing as revenues fall, these countries have accumulated financial assets during the boom years which they can draw upon to provide a fiscal stimulus to domestic demand and counteract the decline in economic activity. Armenia (copper exporter), Georgia (ferro alloys and copper), and Tajikistan (cotton and aluminum) have also seen their export revenues fall sharply. Only the Kyrgyz Republic, with gold as its main export commodity and gold prices up, is maintaining high export receipts. Most countries in the region will also feel the sharp decline in capital and other foreign exchange inflows this year. Their economies are hurting from the drying up of trade credit and other credit lines. In Kazakhstan, for instance, pressures in the non-oil private sector have increased, with banks challenged to secure funding and keep satisfactory levels of liquidity which affected credit availability and growth prospects. Furthermore, this could also put pressure on the Kyrgyz Republic’s banking system, which is one-third owned by Kazakhstan banks. As Kazakhstan is also a destination for migrant workers from the region, its economic slowdown will contribute to lower remittances to other CCA countries. The IMF report stated that CCA countries have responded to the crisis by taking policy measures such as allowing their currencies to depreciate in response to lower foreign exchange inflows, using fiscal stimulus where feasible, and easing monetary policy and injecting short-term liquidity to limit the credit crunch as long as price stability was not compromised. While the IMF expects the economies to start recovering from next year onward, there are also downside risks, especially from further knock-on effects from external factors and a more prolonged global recession. |
| SINGAPORE: ‘Aviation Fuels: Supply, Trading and Risk Management’ from July 20 to 22 |
| Monday, 18 May 2009 | |
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(EnergyAsia, May 18, Monday) --- Oxford Princeton will be holding its ‘Aviation Fuels: Supply, Trading and Risk Management’ workshop in Singapore from July 20 to 22. Delegates will be able to participate in industry case studies and trading and hedging simulations. The course will be conducted by Mary Jackson who has over 15 years of experience in the energy industry. For more information on ‘Aviation Fuels: Supply, Trading and Risk Management’, please contact This e-mail address is being protected from spam bots, you need JavaScript enabled to view it . |
